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Jul 5, 2011
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changining, especially wh the eu presidcy >>y pe is during the eu presidency, we will not be occupied with their own problems. i hope we take all ofeupe in aount and do a good job. >> the european union fell financial crisis will be t the focus of poland for l e u esen. even though it cannot be expected to fix all the problems, it does hope to offer some solutions. there are many youn poles who are enthusiastic supporters of the european union. >> all right, l' csswires to our correspondent in brusls. thank you for being with us. as we heard, copland is takin erheu presidency -- poland is taking over the eu presidency and a very turbulent time. in the six month available, ey cannot do an awful lot. this is a csi w bonthe scope of one eu presidency, quite honestly. there is not a lot they can do. not least because there are several single currency unie think all poland can do is keep a steady ship, but as we know, there are osi fce at work here on the economic crisis. the problems of the eu are just one part. do not cross yourinrsoo much on the poles. >> poland has vowed toouer skeptic
changining, especially wh the eu presidcy >>y pe is during the eu presidency, we will not be occupied with their own problems. i hope we take all ofeupe in aount and do a good job. >> the european union fell financial crisis will be t the focus of poland for l e u esen. even though it cannot be expected to fix all the problems, it does hope to offer some solutions. there are many youn poles who are enthusiastic supporters of the european union. >> all right, l' csswires to our...
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Jul 2, 2011
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the polish prime minister assumed the mantle of the eu presidency. his predecessor proved controversial. nowow, donald as vowing to make solidarity his goal. he admits the coming months are crucial as the eu faces an uncertain financial future. >> we want to implement the basic lalaw th calls for a budget that is truly unified in nature. it must not be the outcome o ofa relentless struggle between national interests. >> poland says it supports the dui deal and hopes to have a renewed sense of optimism. warsaw -- supports the eu deal and hopes to have a renewed sense of optimism. >> with economic growth, with political growth, the political energy and commitment to our project, and enthusiasm that poland brings to the union, this puts poland in a strong position to push forward some very challenging project. >> taking out the ceremonial baton, the prime minister has plged to tackle those challenges in the months ahead. >> denmark's parliament approved a plan to introduce perermane customs controls along its eu borders next week. copenhagen says the me
the polish prime minister assumed the mantle of the eu presidency. his predecessor proved controversial. nowow, donald as vowing to make solidarity his goal. he admits the coming months are crucial as the eu faces an uncertain financial future. >> we want to implement the basic lalaw th calls for a budget that is truly unified in nature. it must not be the outcome o ofa relentless struggle between national interests. >> poland says it supports the dui deal and hopes to have a...
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Jul 21, 2011
07/11
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banks rallied before the eu summit on the debt crisis. we got this summary from frankfurt. >> a record order for eads from american airline companies. this is a huge gain. also the gain over boeing in their own backyard. the order also says that the industry is what one investor, did and it speaks for a robust economy. the fact that the trading day here in frankfurt is a good one, people are feeding off of a record quarter from apple. suppliers are doing very well. the market is losing steam as apprehension mounted over the outcome of the eu summit on the debt crisis. >> we can stay for a closer look at wednesday's numbers. the dax closed higher at 7221. the euro stoxx 50 posting nice gains, up by 1.8%. across the atlantic, the dow trading slightly higher at this hour. the euro is trading at $1.42. consumers enjoy more rights regarding information on what they eat in europe. the consumer information act aims to guarantee fast and free information on food products. to expedite the process, more information is provided to the website which
banks rallied before the eu summit on the debt crisis. we got this summary from frankfurt. >> a record order for eads from american airline companies. this is a huge gain. also the gain over boeing in their own backyard. the order also says that the industry is what one investor, did and it speaks for a robust economy. the fact that the trading day here in frankfurt is a good one, people are feeding off of a record quarter from apple. suppliers are doing very well. the market is losing...
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Jul 20, 2011
07/11
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the eu's summit. >> the dax finished up by 1.2%. the euro stoxx 50 also clocking gains, finishing at 2,657. in new york, the dow trading higher, 12,571. and on currency markets, the euro also enjoying some nice gains against other major currencies. $1.41. the european commission wants the 27 eu member states to find a solution to the nuclear waste disposal of the block. above all, permanent storage facilities are needed, and until now, they have largely ignored the problem. >> radioactive waste is stored at some controversial sites, but there are no permanent sense company there in germany, nor in the rest of the eu. -- there are no permanent disposal sites in germany, nor in the rest of the year. >> member states should present us with a comprehensive plan on how they will deal with the permanent storage of their nuclear waste. >> so far, only finland, france, in sweden have vowed to complete permanent storage sites within so many years -- and sweden have vowed to complete permanent storage sites. a new directive allows them to exp
the eu's summit. >> the dax finished up by 1.2%. the euro stoxx 50 also clocking gains, finishing at 2,657. in new york, the dow trading higher, 12,571. and on currency markets, the euro also enjoying some nice gains against other major currencies. $1.41. the european commission wants the 27 eu member states to find a solution to the nuclear waste disposal of the block. above all, permanent storage facilities are needed, and until now, they have largely ignored the problem. >>...
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Jul 19, 2011
07/11
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will the eu summit bring a clear answer on which way the direction is going to go? what is quite expected of investors, banks, private investors in solving this crisis? shares taking a real hit. the dax was down by over 4%, and in the euro stoxx, banks downed by a whopping 7%. the stress tests not really getting any more confidence, instead raising more concerns about the stability of the industry. >> we will stay for a closer look at monday's number is. in germany, the benchmark closed down just over 1.5%. the euro stoxx 50 down at nearly 2% at 2,62. the dow at this hour is trading down, 12,386, and on currency markets, the euro is trading down. despite the ongoing market turbulence, the mood among consumers is looking up. for the first time since the crisis, consumer sentiment in many european nations has actually improved according to a research institute, which adds the economic expectations rose for most countries during the second quarter. >> britons have more faith again in the economic recovery and a belief that a high level of inflation of 4.5% will ease, b
will the eu summit bring a clear answer on which way the direction is going to go? what is quite expected of investors, banks, private investors in solving this crisis? shares taking a real hit. the dax was down by over 4%, and in the euro stoxx, banks downed by a whopping 7%. the stress tests not really getting any more confidence, instead raising more concerns about the stability of the industry. >> we will stay for a closer look at monday's number is. in germany, the benchmark closed...
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Jul 7, 2011
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the measure between the eu and imf cannot be assessed properly. the rating agencies' comments are somewhat inappropriate. >> lisbon has received a 78 billion euro rescue package from the eu and imf. in return, they must cut their annual deficit from 9.1% of gdp to 3% by 2013. the european commission believes that the portuguese plan will be successful. >> with all due respect to that specific rating agency, our institutions know the situation a little bit better. our analysis is more refined and complete. there is no reason to be distracted if we stick to the considerations. growth will return. >> rating agencies to not reveal how they reach their conclusions. markets around the world listen carefully to what they say. >> onto wednesday's market action in european shares struggled as investors reacted to mixed messages on credit ratings and the validity of fresh downgrades. our correspondent gave us this summary of the trading in frankfurt. critics here on the floor say that rating agencies have been wrong too many times to have such power. >> on
the measure between the eu and imf cannot be assessed properly. the rating agencies' comments are somewhat inappropriate. >> lisbon has received a 78 billion euro rescue package from the eu and imf. in return, they must cut their annual deficit from 9.1% of gdp to 3% by 2013. the european commission believes that the portuguese plan will be successful. >> with all due respect to that specific rating agency, our institutions know the situation a little bit better. our analysis is...
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and the eu. that is not acceptable. we are arguing there should be a level playing field so companies are not obliged to move to china. >> and looking ahead, tuesday's wto ruling may just open the door to even more complaints, this time about china's quotas on exports of rare earth minerals. those are used in a wide range of high-tech products from hybrid cars to missiles. they've been tightening export controls over the past year. that's caused prices to skyrocket and the u.s. and eu have threatened to take the issue to the wto as well. nina? >> you know, ramy, china is on the hunt for me resources. we hear they're working out a deal for the coal reserves. of course, china uses huge amounts of coal. >> yeah, that's right. there's been a huge international fight for the reserve. the reason is it could very well be the world's largest reserve of coking coal. and that coking coal is used to make steel. so let me give you a breakdown of which countries won the long fought bid. in a big handshake to neighboring china with t
and the eu. that is not acceptable. we are arguing there should be a level playing field so companies are not obliged to move to china. >> and looking ahead, tuesday's wto ruling may just open the door to even more complaints, this time about china's quotas on exports of rare earth minerals. those are used in a wide range of high-tech products from hybrid cars to missiles. they've been tightening export controls over the past year. that's caused prices to skyrocket and the u.s. and eu...
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Jul 15, 2011
07/11
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eu officials have admitted some type of greek default is inevitable. that is in spite of billions in german taxpayer support. people are curious and are getting the impression they are being used as financial fodder for eu bailouts with no and insight. here is a look of how people see team merkle as it reaches half term. >> summer in berlin, and many germans were cheering on their team in the women's world cup. in the and, the team disappointed, and that is exactly what many people feel about the current governing coalition as well. >> you would think they could word better together. i give them a yellow card. >> i am happy with them. >> they need to improve and do things with more dynamism. >> in my view, the only thing you can do with this government is send them off. >> if germans were to give their government a changing room peptalk, it would be harsh. 70% say they are not satisfied with the government's performance. only 29% say they are satisfied. it has definitely been a weak first half of the year for the government. but coach angela merkle and
eu officials have admitted some type of greek default is inevitable. that is in spite of billions in german taxpayer support. people are curious and are getting the impression they are being used as financial fodder for eu bailouts with no and insight. here is a look of how people see team merkle as it reaches half term. >> summer in berlin, and many germans were cheering on their team in the women's world cup. in the and, the team disappointed, and that is exactly what many people feel...
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Jul 1, 2011
07/11
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for the eu, it opens up south korea in terms of regulation. it will be beneficial for you pharmaceuticals and electronics. on the flip side, south korea makes more cars. that means they will have easy access for their car industry. >> tiny little amounts of champagne. let's get that. you are not getting any boos. >> it instantly scraps 70% of duties. almost one under% will be swept in the next five years. i will have more on the world does this report in 20 minutes. >> the chinese communist party celebrates his birthday today. it is the world's biggest political party. there are 18 million. our correspondent travel to northern china during the civil war more than 60 years ago it is considered the birthplace of china's communist revolution. >> the communist like to celebrate. courage and sacrifice, but most of it on one side. this is a partial version of history with a clear message. communist party say that china. children love the party, even before they are old enough to understand why. >> we are here to remember the parti's great achievemen
for the eu, it opens up south korea in terms of regulation. it will be beneficial for you pharmaceuticals and electronics. on the flip side, south korea makes more cars. that means they will have easy access for their car industry. >> tiny little amounts of champagne. let's get that. you are not getting any boos. >> it instantly scraps 70% of duties. almost one under% will be swept in the next five years. i will have more on the world does this report in 20 minutes. >> the...
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Jul 13, 2011
07/11
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they are calling for total transparency. >> agreements negotiated between the eu and african nations should not be dictated by european business interests. they should be negotiated in a way that serves regional and local economies and africa. the german government argues that that is precisely the aim of their new development strategy. >> we have to ensure the contract concerning ron materials currently being agreed in africa actually benefits africa including permanent financial income from those materials. >> this is also in germany's interest to prevent though raw materials being snapped up by the raw materials that snapped up by germany and canada. they should benefit from a partnership of equals. >> we're happy to be joined in the studio by an african analyst at the conrad -- institute. the german government is calling this a partnership of equals. is that what the african governments are looking for? >> well, it depends on how you define a partnership of equals. i think by this term it means that this is a partnership of mutual respect and the past that was always up the case.
they are calling for total transparency. >> agreements negotiated between the eu and african nations should not be dictated by european business interests. they should be negotiated in a way that serves regional and local economies and africa. the german government argues that that is precisely the aim of their new development strategy. >> we have to ensure the contract concerning ron materials currently being agreed in africa actually benefits africa including permanent financial...
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Jul 5, 2011
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eu experts traveled to north korea in june to examine the seriousness of the food situation. they confirmed that north kor n koreans are receiving only 20% of the necessary daily nutrition from state distribution systems. >>> indonesian nurses and caregivers are heading to japan to prepare for examinations to quality to work in the country. the candidates were invited to a send off party at the japanese embassy in jakarta on monday. >> japan has been accepting indonesian nurses and caregivers for four years. 105 will enter the program this year. the indonesian government said three applicants withdrew after the march 11 disaster in japan. but it also said many more are determined to join the program, despite opposition from their family members. >> after arriving in japan, they will learn japanese and then work in hospitals and nursing homes across the country. >>> and now we take a look at the latest in business news. you have the latest on greece? >> right, i do, katherine. concerns still lingering over greece despite the latest bailout plans. a major u.s. credit rating age
eu experts traveled to north korea in june to examine the seriousness of the food situation. they confirmed that north kor n koreans are receiving only 20% of the necessary daily nutrition from state distribution systems. >>> indonesian nurses and caregivers are heading to japan to prepare for examinations to quality to work in the country. the candidates were invited to a send off party at the japanese embassy in jakarta on monday. >> japan has been accepting indonesian nurses...
WHUT (Howard University Television)
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Jul 1, 2011
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european union trade commission described it as the most ambitious trade deal ever concluded by the eu. a new free-trade agreement with south korea comes in effect today and it is expected to boost trade by tens of billions of euros every year and create a quarter of a million jobs in south korea. let's take a look at which sectors are going to benefit the most from this deal. in the european union, the pharmaceutical sector will see big gains from the deal. the electronic industry will benefit because the trade bill breaks down the tough regulatory barriers and south korea. in south korea, the winners will likely be the auto manufacturers because they will gain duty-free access into the euromarkets. -- you market. as a paved the way for further agreements? the next bout is india and japan but the bigger the economy, the more difficult the deal. >> when we move on to the really big players -- japan, china, and the united states -- then that would make a difference but it will be much harder to negotiate. india is, again, somewhere in between. it doesn't have the systemic sycophants of
european union trade commission described it as the most ambitious trade deal ever concluded by the eu. a new free-trade agreement with south korea comes in effect today and it is expected to boost trade by tens of billions of euros every year and create a quarter of a million jobs in south korea. let's take a look at which sectors are going to benefit the most from this deal. in the european union, the pharmaceutical sector will see big gains from the deal. the electronic industry will benefit...
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Jul 12, 2011
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. >> could we see3 eu action against u.s. ratings agencies, which have been described as a cartel by the european ratings commissioner? >> you could. everyone here is furious that the u.s. is passing judgment. they say it is time there was a european credit agency, overdue. but that is not an overnight solution. that will take months, if not longer. >> thanks ever so much. to satisfy banks and other lenders, thgreek government's massive cutbacks in all areas of life as well as the sell-off of some of the nation's infrastructure has yet to stabilize the country's finances. italy's economy is more than twice the size of the combined economies of greece, ireland, and portugal. a financial crisis there could have widespread repercussions throughout the eurozone. here's a look at how italians feel about the developments in their country. >> from athens to rome, worries are growing that italy could be the next country to be drawn into europe's debt crisis. newspapers speak of days of fear. people on the street say they know where t
. >> could we see3 eu action against u.s. ratings agencies, which have been described as a cartel by the european ratings commissioner? >> you could. everyone here is furious that the u.s. is passing judgment. they say it is time there was a european credit agency, overdue. but that is not an overnight solution. that will take months, if not longer. >> thanks ever so much. to satisfy banks and other lenders, thgreek government's massive cutbacks in all areas of life as well as...
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Jul 7, 2011
07/11
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the eu is now on guard against any further moves by rating agencies as more downgrades may spark fresh worries. >>> and news just in. japan's core private sector machinery orders were up in may. that is the first increase in two months on a month on-month basis. the cabinet office said on thursday that major machinery makers received about 733 billion yen, or over $9 billion worth of domestic orders. that's up 3% from april. the figure excludes machinery for ships and power plants. >>> and now let's get a check on the markets. the dow snapped back into the positive, sidestepping data which showed a slight contraction in services ism for june, but to see how markets are trading here this thursday morning we cross over to ramin mellegard who's at the tokyo stock exchange. so ramin, u.s. markets look to have shrugged off weak data. how are tokyo stocks trading after machinery order numbers? >> very good morning to you, ai. and after those machinery orders we're seeing both the nikkei and the topix trading in the negative, marginally in the negative, but still the nikkei still trading abov
the eu is now on guard against any further moves by rating agencies as more downgrades may spark fresh worries. >>> and news just in. japan's core private sector machinery orders were up in may. that is the first increase in two months on a month on-month basis. the cabinet office said on thursday that major machinery makers received about 733 billion yen, or over $9 billion worth of domestic orders. that's up 3% from april. the figure excludes machinery for ships and power plants....
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Jul 18, 2011
07/11
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we are now looking at all of the eu rules and procurement rules to see if we can change and make better for the future issues like this. >> will the prime minister join me in calling for the lek -- electrify indication of the railway line and link us to the much needed high speed too? >> i'm well aware of the campaign. i remember spending a lot of time at the station during the last parliament, normally accompanied by people dressed in top hats and tails. i seem to remember. seems my colleague will remember that. it's not in the current problem. we'll look sympathetically. we want to see more railway lines in the country. >> thank you, mr. speaker. his government said that university tuition fees would average 7500, in actual they average 8500. how can he justify over the parliament? >> first of all, there are only nine universities charging 9,000. there are 57 that won't charge 9,000 for any. 108 out of 124 will charge less than 6,000 for all of their courses. the point i'd make is this, university degrees have not suddenly started costs 7, 8, object -- or 9,000 pounds. the question is
we are now looking at all of the eu rules and procurement rules to see if we can change and make better for the future issues like this. >> will the prime minister join me in calling for the lek -- electrify indication of the railway line and link us to the much needed high speed too? >> i'm well aware of the campaign. i remember spending a lot of time at the station during the last parliament, normally accompanied by people dressed in top hats and tails. i seem to remember. seems...
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Jul 19, 2011
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and eu rattling investors so much. financial stocks some of the biggest losers, nikkei down, a public holiday on monday so picking off of the news we've been seeing collated in the last couple of days. the hang song the standout moving up almost 0.5% by the close. >> it was a gloomy way to start the week on wall street with u.s. investors still unable to shake off concerns about debt, both at home and also abroad. he here's with how it looked on wall street. >> stocks on wall street took a tumble to the week. concerns will growing debt problems in the u.s. and europe put investors on edge and with no major economic or earnings reports out monday, those issues took center stage. the dow industrials fell 94 points closing at 12,385, the nasdaq and s&p 500 lost just shy of 1% each. gold prices hit another record high settling above $1,600 an ounce for the first time. gold is considered a safe haven investment and with so much uncertainty in the marketplace, investors are lining up to buy the precious metal. meantime lawma
and eu rattling investors so much. financial stocks some of the biggest losers, nikkei down, a public holiday on monday so picking off of the news we've been seeing collated in the last couple of days. the hang song the standout moving up almost 0.5% by the close. >> it was a gloomy way to start the week on wall street with u.s. investors still unable to shake off concerns about debt, both at home and also abroad. he here's with how it looked on wall street. >> stocks on wall street...
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Jul 6, 2011
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and the eu filed a complaint with the wto that china is unfairly imposing quotas and export duties on some metals. it referred to manganese, bauxite, and magnesium. china contended controls are needed to protect limited natural resours. a wto panel rejected china's argument in a report on tuesday, saying the country's export restrictions on these materials are inconsistent with wto rules. u.s. trade representative ron kirk welcomed the ruling, calling it a significant victory for manufacturers and workers in the united states and the rest of the world. he added that china's extensive use of export restraints for protectionist economic gain is deeply troubling. >>> a japanese government official has also welcomed the decision, adding that the country will closely watch the next move by china. china has not officially responded to the ruling, although it can appeal the decision. china has maintained that its export policy for rare metals is in line with wto rules. >>> in beijing, an accident involving a subway station escalator has killed one person and injured 28 others. china's offici
and the eu filed a complaint with the wto that china is unfairly imposing quotas and export duties on some metals. it referred to manganese, bauxite, and magnesium. china contended controls are needed to protect limited natural resours. a wto panel rejected china's argument in a report on tuesday, saying the country's export restrictions on these materials are inconsistent with wto rules. u.s. trade representative ron kirk welcomed the ruling, calling it a significant victory for manufacturers...
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Jul 24, 2011
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so the eu has signed treaties with africans countries. they take them in, turn them over to the court system. they have antiquated court system spirit of this development brings in consultants, bring in computers. they improve the legal systems, improve the computer systems. this is the kind of holistic defense structure that is being created. now, isn't that what our corn strategy is all about? hearts and minds, improve lives of people. the europeans are a couple of steps ahead. so, they haven't got it all together, but i think they need the political will. they need to know that we support them. sometimes i think -- and i would love to see if any of you disagree. the kind of balance. one way. all right. let's give them our leaders. then we kind of stand back. well, no, we have always led. what is going to happen if we let them, you know? does anyone believe that besides me? the thank you very much. >> european union delegations. i appreciate very much your comments of. comparing nato and european union, seeing this huge stretch of nato
so the eu has signed treaties with africans countries. they take them in, turn them over to the court system. they have antiquated court system spirit of this development brings in consultants, bring in computers. they improve the legal systems, improve the computer systems. this is the kind of holistic defense structure that is being created. now, isn't that what our corn strategy is all about? hearts and minds, improve lives of people. the europeans are a couple of steps ahead. so, they...
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Jul 6, 2011
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i do not think any difference can be tolerated in the eu. what is it to prevent the justice system from fundamentally collapsing and the cane? -- and decaying? we say there is mutual recognition. major recognition between the u.k. and romania. what of the romanian justice systems collapse is more and more and more? who is going to account for that? who is going to scrutinize that? is it going to be some beer corrects -- bureaucrats? the only sustainable approach to scrutinizing the justice system's of the eu is the extradition process. it is extradition of lawyers and defenders to have the highest motivation to scrutinize the quality of justice in the state's they have been extradited to. that is a help the system. -- healthy system. it permits outside scrutiny and and stop european states from decaying. the european arrest warrant system removes the possibility. it is not open to us to look at any of the facts in the case. that is completely removed. all they're arguing about is where the two-page request is a valid document. >> [inaudible]
i do not think any difference can be tolerated in the eu. what is it to prevent the justice system from fundamentally collapsing and the cane? -- and decaying? we say there is mutual recognition. major recognition between the u.k. and romania. what of the romanian justice systems collapse is more and more and more? who is going to account for that? who is going to scrutinize that? is it going to be some beer corrects -- bureaucrats? the only sustainable approach to scrutinizing the justice...
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Jul 15, 2011
07/11
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CNN
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off a bailout to become the fourth euro nation if it were to do so to request one from the imf, the eu and also the ecb. this was the scene just yesterday as lawmakers approved a four year, $57 billion austerity plan. the lower house is expected to adopt some of these measures later on today. and newspapers have been having quite a field day with this situation. let me show you the front page of one of the newspapers owned by the prime minister berlusconi. they're on the bow of the titanic as that fated ship sinks. this is in reference to a comment made yesterday saying the situation of the country finds itself in at the moment is akin to the sinking of the titanic and not everyone the first class passengers are safe. >> you can always count on him for a very colorful sound bite. and another metaphor, the iceberg is all that debt under the surface. meanwhile time is running out to raise the u.s. debt ceiling. lawmakers are still at odds. another warning about a possible downgrade of u.s. debt. this time from standard and poors, has raised the stakes even higher with no compromise on ei
off a bailout to become the fourth euro nation if it were to do so to request one from the imf, the eu and also the ecb. this was the scene just yesterday as lawmakers approved a four year, $57 billion austerity plan. the lower house is expected to adopt some of these measures later on today. and newspapers have been having quite a field day with this situation. let me show you the front page of one of the newspapers owned by the prime minister berlusconi. they're on the bow of the titanic as...
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Jul 11, 2011
07/11
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you know, if you look at this week, there needs to be a really convincing incredible story from the eu, and one of the things that is crucially important is that they somehow succeed in speaking with one voice. so what's clear and visible to politicians, for example, how to deal with this crisis, debt gap needs to be out. that could create more clarity and transparency. transparency is really a key dynamic, so if they are tough, if they are really providing a lot of information for investors to clear out the uncertainty in the financial sector in europe, that could also help. >> let's look at the earnings season which will kick off with alcoa in just a few hours time. what are we expecting out of that earnings season because i've seen suggests that we might see 13% growth, but this would be low and would not presumably support any progress in stock valuations going forward. >> yeah. thing there is a concern for us as well. i mean, of course, there's a lot of fundamentals with respect to a general level of earnings and the strength and balance sheets that still supports stocks, but over
you know, if you look at this week, there needs to be a really convincing incredible story from the eu, and one of the things that is crucially important is that they somehow succeed in speaking with one voice. so what's clear and visible to politicians, for example, how to deal with this crisis, debt gap needs to be out. that could create more clarity and transparency. transparency is really a key dynamic, so if they are tough, if they are really providing a lot of information for investors to...
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Jul 12, 2011
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>> the eu central bank is partial to default for greece. it confirmed its position that a credit event should be avoided. that is weaker language than we've heard before. normally the ecb's finance position is backed up. let's put this into context. we've got this slightly wishy-washy statement. prime minister papandreou asked for the euro group to address fundamental problems head on. we have barclay's calling greece insolvent. this statement doesn't go nearly enough to address the issues. >> where do we go from here? what are the moves? so many ideas up there. christine lagarde talking. the ecb putting out. euro group statement. people don't know where to term. >> exactly reuters reporting euro group in july might come up with a partial debt restructuring in greece but today that was rebuffed. let's look at italy now. when the euro project was first imagined italy was considered the bad apple, the one who could upset the cart, the sick one in europe. now it's just beginning to enter into the big eurozone debt crisis as a potential loser.
>> the eu central bank is partial to default for greece. it confirmed its position that a credit event should be avoided. that is weaker language than we've heard before. normally the ecb's finance position is backed up. let's put this into context. we've got this slightly wishy-washy statement. prime minister papandreou asked for the euro group to address fundamental problems head on. we have barclay's calling greece insolvent. this statement doesn't go nearly enough to address the...
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Jul 13, 2011
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said they will increase the size of the rescue mechanism currently in place and adjust the terms of eu loans to make it cheaper for them to pay off their debts. there are serious disagreements within europe about how to help greece and all the while, other countries are getting dragged into the crisis. >> violence has spread for a third night. bombs and missiles have been thrown at police officers. officers responded by using water cannons. the security lapse in afghanistan with tragic consequences. what more can you tell us? >> he was regarded as one of the powerful politicians and the country. his death has raised new fears about instability ahead of the handover to afghan forces. the white house has condemned the killing. " he described himself as the most powerful man in southern afghanistan. few disagreed. ahmad wali karzai was a controversial figure. he said that he added spice to afghan life great the roads to the compound were closed. the president's half brother lived under the tightest security, only the most trusted could get close. the head of personal protection it aroused
said they will increase the size of the rescue mechanism currently in place and adjust the terms of eu loans to make it cheaper for them to pay off their debts. there are serious disagreements within europe about how to help greece and all the while, other countries are getting dragged into the crisis. >> violence has spread for a third night. bombs and missiles have been thrown at police officers. officers responded by using water cannons. the security lapse in afghanistan with tragic...
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Jul 21, 2011
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. >> the government of serbia hopes they will be considered for eu membership. with goran hadzic soon behind bars, a dark chapter in european history will be at an end. >> 3 million people could soon starve to death in somalia. the u.n. says there is famine in the south of the country. the u.n. agencies have appealed to the rebels to allow free passage for food shipments. tens of thousands of somalis have fled to a refugee camp in kenya. >> of this woman has walked 3,000 kilometers with her 8 children. in search of food, they have arrived at this refugee camp in kenya. mary robinson, the former irish president, would like the world to see the plight of this woman and the tens of thousands like her. >> i have never been able to get somalia out of my skin, if you like, since i was here in 1992. i look around and see that these are very resilient people. they just want food and water initially for their families. >> aid organizations said that thing should never have been allowed to get this bad. -- say that this should have never been allowed to get this bad. >> t
. >> the government of serbia hopes they will be considered for eu membership. with goran hadzic soon behind bars, a dark chapter in european history will be at an end. >> 3 million people could soon starve to death in somalia. the u.n. says there is famine in the south of the country. the u.n. agencies have appealed to the rebels to allow free passage for food shipments. tens of thousands of somalis have fled to a refugee camp in kenya. >> of this woman has walked 3,000...
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Jul 20, 2011
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we have an eu summit which will hammer out some of the issues, vis-a-vis eurozone markets. equity markets up to the tune of 1%. >> some of the numbers we were getting on the earnings front from the u.s. were pretty stellar. let's look at apple. the earnings solidly beat expectations after the bell on wednesday. the third quarter was a record one for the company in terms of both profit and sales. that led to the stock closing at an all-time high. the main money maker here, you just have to look at the chart to see it, obviously, is the iphone. apple sold more than 20 million of them in the third quarter alone. you can see from the chart that that's more than twice the number that was sold in the same quarter a year ago. but there was a weak spot, and i don't know if you can spot it here. the ipods here. you can see the figures going down. sales there dropped 20% from last year. >>> heading into a break, but when we come back, china's dubai is launching a browser looking to compete with google's chrome. you can be sure that google has a few tricks left up its sleeve. more on
we have an eu summit which will hammer out some of the issues, vis-a-vis eurozone markets. equity markets up to the tune of 1%. >> some of the numbers we were getting on the earnings front from the u.s. were pretty stellar. let's look at apple. the earnings solidly beat expectations after the bell on wednesday. the third quarter was a record one for the company in terms of both profit and sales. that led to the stock closing at an all-time high. the main money maker here, you just have to...
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Jul 5, 2011
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the commission said the eu and the wfp will check delivery at everyone stage and visit sites, hospitals, childcare facilities, and households. it also said it would not hesitate to have end hunitaan aid if it discovers the food is being diverted from recipients. e uconn firmed that north koreans are receiving only 20% of the necessary daily nutrition from state distribution systems. >>> former bosnian serb commander ratko mladic is accused of ordering the mass murd of 8,000 muslims in 1995. he appeared in the international criminal tribunal at the hague on monday. he faces 11 charges. he interrupted the prosiding judge. he said he would not listen to a word of the script unless his chosen lawyer was present. he continued to shout and told the judge to stop. he was removed from the court. the tribunal resumed without the defendant and continued with the proceedings. refusing to plea is the same as pleading not guilty. the massacre took place not only in the town but also the surrounding area. and takahashi went to one of the neighboring places and talked z to survivors about mladic's tri
the commission said the eu and the wfp will check delivery at everyone stage and visit sites, hospitals, childcare facilities, and households. it also said it would not hesitate to have end hunitaan aid if it discovers the food is being diverted from recipients. e uconn firmed that north koreans are receiving only 20% of the necessary daily nutrition from state distribution systems. >>> former bosnian serb commander ratko mladic is accused of ordering the mass murd of 8,000 muslims in...
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Jul 16, 2011
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. >> the european union president says eu nations will hold a summit next thursday to discuss eighaid for greece. italy is facing a $28 billion austerity program. the program includes a mix of spending cuts and tax increases. the government needed to avoid a full-scale financial crisis. >> prime minister silvio british colony says he slept at his head over night. -- the italian prime minister says he slipped on his head over night. there is a package that includes tax hikes. some wages will be frozen and health care costs are set to decline. italians have mixed views about the measure. >> there are so many big problems, especially in my age group. we have to rethink the entire system. >> with this austerity program, when is our economy going to grow again? this economy will never grow again. >> some economists say the measures will dampen growth. something had to be done. it today's overall debt is among the highest in europe. markets will keep a close eye on the country until the austerity measures start showing results. >> european stocks slid on a friday and posted their biggest we
. >> the european union president says eu nations will hold a summit next thursday to discuss eighaid for greece. italy is facing a $28 billion austerity program. the program includes a mix of spending cuts and tax increases. the government needed to avoid a full-scale financial crisis. >> prime minister silvio british colony says he slept at his head over night. -- the italian prime minister says he slipped on his head over night. there is a package that includes tax hikes. some...
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Jul 23, 2011
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the message was that the eu was fighting to protect the euro. >> they agreed on a whole raft of measures and that makes it obvious to outside observers that everyone is prepared to pull together to protect the currency. >> the brussels summit decided to expand the powers of the european financial stability facility. this was set up to stabilize economies like greece's with emergency funding. parliament and the member states have to endorse the plan. he would allow the facility to buy sovereign bonds but only with consent of the ecb. it could give states precautionary credit lines as long as they take action to reform their economies. the new powers are aimed at preventing the debt crisis from spreading to larger economies and to help larger candidates before it is too late. >> german stocks advanced for the fourth day running. the dax went too solid gains for the week as a whole. the eurozone leaders agreed on the new debt deal. >> there's lots of praise for the bailout plan for greece. this is the optimum that could be reached under the stock of stances -- under the circumstances. the m
the message was that the eu was fighting to protect the euro. >> they agreed on a whole raft of measures and that makes it obvious to outside observers that everyone is prepared to pull together to protect the currency. >> the brussels summit decided to expand the powers of the european financial stability facility. this was set up to stabilize economies like greece's with emergency funding. parliament and the member states have to endorse the plan. he would allow the facility to...
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Jul 12, 2011
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market sources say investors are speculating eu stress tests for regional lenders could reveal problems that are weighing down on italian banks. results will be announced later this week. italy's long-term bond prices have plummeted on the speculation. >>> now let's go check on tokyo shares after a considerable setback on wall street and continued concerns in europe. we go to ramin mellegard who is at the tokyo stock exchange. italy emerging as the next big story. >> very good morning to you, ai. we're really seeing that reflected in the markets here at the open boat the nikkei down over 100 points and below the key 10,000 level. that's the first time since last wednesday. and the topix trading lower as well. pretty much reflecting the town trend that we saw in the dow and in the u.s. markets as well. and the sovereign debt crisis in europe does seem to be a dark, immovable cloud hanging over global markets right now with very few signs of it being able to move on. now add that also to growth concerns in china and also continuing talks in congress in the u.s. about the debt ceiling. and
market sources say investors are speculating eu stress tests for regional lenders could reveal problems that are weighing down on italian banks. results will be announced later this week. italy's long-term bond prices have plummeted on the speculation. >>> now let's go check on tokyo shares after a considerable setback on wall street and continued concerns in europe. we go to ramin mellegard who is at the tokyo stock exchange. italy emerging as the next big story. >> very good...
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Jul 27, 2011
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the eu will as well around food aid. we cannot protect our farmers by saying that we will only ship american grown food. once we have these increasing number of humanitarian crises. because of climate change they will grow. so we need a kind of global governance and architecture that will really figure it out. not that we shouldn't use some of our food, obviously, we have plentiful food and we should do that. but can't only do that or we don't promote self-sufficiency in the region which is going to be part of the solution. >> judith roaden, the president of the rockefeller foundation. thank you so very óuch. >> thank you, andrea. >>> and what is happening behind the scene tons debt ceiling negotiations? senate budget chairman kent conrad joins us next on "andrea mitchell reports." [ jeff ] ooh. thanks hun! [ female announcer ] ...so the freshness you see is what you taste. ♪ it doesn't get better than this ♪ >>> hi, everybody. i'm thomas roberts coming up on "news nation." post traumatic stress is an age old probl
the eu will as well around food aid. we cannot protect our farmers by saying that we will only ship american grown food. once we have these increasing number of humanitarian crises. because of climate change they will grow. so we need a kind of global governance and architecture that will really figure it out. not that we shouldn't use some of our food, obviously, we have plentiful food and we should do that. but can't only do that or we don't promote self-sufficiency in the region which is...
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i do not think any difference can be tolerated in the eu. what is it to prevent the justice system from fundamentally collapsing and the cane? we say there is mutual recognition. major recognition between the u.k. and romania. what of the romanian justice systems collapse is more and more and more? who is going to account for that? who is going to scrutinize that? the only sustainable approach to scrutinizing the justice system's of the eu is the extradition process. it is extradition of lawyers and defenders to have the highest motivation to scrutinize the quality of justice in the state's they have been extradited to. that is a help the system. -- healthy system. the european arrest warrant system removes the possibility. it is not open to us to look at any of the facts in the case. that is completely removed. all they're arguing about is where the two-page request is a valid document. >> [inaudible] >> i am so sad that we do not have time to go into it. this strange mutual recognition. paradox of being extradited without being charged. le
i do not think any difference can be tolerated in the eu. what is it to prevent the justice system from fundamentally collapsing and the cane? we say there is mutual recognition. major recognition between the u.k. and romania. what of the romanian justice systems collapse is more and more and more? who is going to account for that? who is going to scrutinize that? the only sustainable approach to scrutinizing the justice system's of the eu is the extradition process. it is extradition of...
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thp at this hour we go straight to business news why we have details on the outcome of the emergency eu summit. >> that's right. a deal has been reached. lead verse reached an extra rescue package for greece as they have excessive debt. the deal is voluntary contributions by the private sector. >> fully supported by all of us, we approved the greek debt sustainability. we have shown that we will not waiver in the defense of our monetary union and our common currency. >> the decision was made in an emergency summit of the 17-member nations of the euro group on thursday in brussells. according to the statement released after the meeting, leaders agreed on a new rescue package worth 109 billion euros or about $155 billion in total. commercial banks and other creditors will bear a voluntary burden worth about 37 billion euros or about $53 billion. one of the options is to roll over current holdings of greek bonds to one with longer repayment periods. >>> some nations were reluctant to ask for priefr at sector involvement as this would be interpreted as a default by credit rating agencies bu
thp at this hour we go straight to business news why we have details on the outcome of the emergency eu summit. >> that's right. a deal has been reached. lead verse reached an extra rescue package for greece as they have excessive debt. the deal is voluntary contributions by the private sector. >> fully supported by all of us, we approved the greek debt sustainability. we have shown that we will not waiver in the defense of our monetary union and our common currency. >> the...
SFGTV2: San Francisco Government Television
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Jul 30, 2011
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less than 2% of member states in the eu are finding less and less immigration. pepople are happy to stay home, if there is work. >> thank you for coming and sharing your ideas about immigration. the member for of 1981 i came to the united states -- november 1981 and came to the united states. i have been a resident of san francisco or the past few years. -- for the past 20 years. in my immigration practice, which i started with the help of the immigrant resource center, who was trying to help low- income immigrants adjust to life in the u.s. new life after amnesty, a lot of people were not able to immigrate because of a lack of money. still to this point, i see a lot of immigrants who want to get their work permits. i ask them how long they have been here. sometimes they have been here since the 1970's, 1980's, 1990's. a lot of them are elderly who are ready to retire. i had 165-year-old man who is alone, no family -- a 65-year- old man who is alone, no family here, but he does not have any papers to get that social security that he has contributed to for 30 yea
less than 2% of member states in the eu are finding less and less immigration. pepople are happy to stay home, if there is work. >> thank you for coming and sharing your ideas about immigration. the member for of 1981 i came to the united states -- november 1981 and came to the united states. i have been a resident of san francisco or the past few years. -- for the past 20 years. in my immigration practice, which i started with the help of the immigrant resource center, who was trying to...
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the vote means that greece can continue clearing up their problems with funds from the eu. >> as recommended, german banks are stepping in to help greece. >> it is all about trying to avoid a financial meltdown in greece which is spread to other euros own nations and affect other nations like germany, of course. the german banks have reached a deal with finance officials to share the burden of a second greek bailout. the government has repeatedly insisted that private investors make a contribution. the finance minister welcomed the announcement which means that the latest bailout will not be borne by taxpayers alone. the commercial banks are said to voluntarily rollover 3.2 euros of greek debt. they had categorically rejected such a plan only a few weeks ago. >> we have gone the banks to participate. i'm confident that this will have a solution on sunday. >> details are still being negotiated. deutsche bank's boss says that the banks will be using a model announced by several french banks as the basis for their participation. that means rolling over 70% of the debt into new sovereign bonds.
the vote means that greece can continue clearing up their problems with funds from the eu. >> as recommended, german banks are stepping in to help greece. >> it is all about trying to avoid a financial meltdown in greece which is spread to other euros own nations and affect other nations like germany, of course. the german banks have reached a deal with finance officials to share the burden of a second greek bailout. the government has repeatedly insisted that private investors make...
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still alive to adopt the euro and they are taking drastic measures to meet the requirements set by the eu commission. -- latvia is still able to adopt the euro. they have cut public sector wages by almost 1/3. >> just like in the rest of the country, this hospital has had to cut back. the chief physician has laid off a third of the staff and cut salaries by 20%, including his own. nearly half of his patients don't have health insurance. those who can pay must leave the hospital early. >> we cannot carry out some difficult operations. for example, transplants. we have special7sts here but the state is not have enough money to pay for everything. -- does not have enough money to pay for everything. >> in order to avoid default, they have reduced spending on social services and increased social security and income taxes. after the country's gdp tumbled more than 20% during the recession, they are slowly recovering. this company recycles aluminum. its main buyer is the competitive -- is the automobile industry. many people believe that the currency policy is partially responsible for the cris
still alive to adopt the euro and they are taking drastic measures to meet the requirements set by the eu commission. -- latvia is still able to adopt the euro. they have cut public sector wages by almost 1/3. >> just like in the rest of the country, this hospital has had to cut back. the chief physician has laid off a third of the staff and cut salaries by 20%, including his own. nearly half of his patients don't have health insurance. those who can pay must leave the hospital early....
SFGTV2: San Francisco Government Television
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Jul 27, 2011
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less than 2% of member states in the eu are finding less and less immigration. pepople are happy to stay home, if there is work. >> thank you for coming and sharing your ideas about immigration. the member for of 1981 i came to the united states -- november 1981 and came to the united states. i have been a resident of san francisco or the past few years. -- for the past 20 years. in my immigration practice, which i started with the help of the immigrant resource center, who was trying to help low- income immigrants adjust to life in the u.s. new life after amney,
less than 2% of member states in the eu are finding less and less immigration. pepople are happy to stay home, if there is work. >> thank you for coming and sharing your ideas about immigration. the member for of 1981 i came to the united states -- november 1981 and came to the united states. i have been a resident of san francisco or the past few years. -- for the past 20 years. in my immigration practice, which i started with the help of the immigrant resource center, who was trying to...
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despite the financial bailout of the eu and imf. >> shirakawa also referred to the rise of the yen against the euro and the dollar, due to the spreading credit concerns in europe. he said turmoil on the financial markets could create a downswing risk for the japanese economy. on the tokyo foreign exchange market the dollar fell to the 79 yen level on tuesday for the first time in a month. market analyst says investors see the yen as relatively stable and continue to buy the currency out of concern that the greek debt crisis may spread to other european nations. >>> the u.s. trade deficit rose sharply in may, topping $50 billion for the first time in 31 months. the u.s. commerce department announced on tuesday that the trade deficit stood at $50.2 billion in may, up 15.1% from the previous month. it was the highest deficit since october 2008. a significant increase in the value of crude oil imports was a key factor. the u.s. trade deficit with members of the organization of petroleum exporting countries or opec rose 17.9% from the previous month. u.s. imports from japan remained stagnant du
despite the financial bailout of the eu and imf. >> shirakawa also referred to the rise of the yen against the euro and the dollar, due to the spreading credit concerns in europe. he said turmoil on the financial markets could create a downswing risk for the japanese economy. on the tokyo foreign exchange market the dollar fell to the 79 yen level on tuesday for the first time in a month. market analyst says investors see the yen as relatively stable and continue to buy the currency out...